Citicore Energy REIT Corp
Citicore Energy REIT Corp operates in Diversified REITs.
Citicore Energy REIT Corp (CREIT) - Net Assets
Latest net assets as of September 2022: ₱4.30 Billion PHP
Based on the latest financial reports, Citicore Energy REIT Corp (CREIT) has net assets worth ₱4.30 Billion PHP as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱4.78 Billion) and total liabilities (₱488.75 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₱4.30 Billion |
| % of Total Assets | 89.79% |
| Annual Growth Rate | 87.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 82.76 |
Citicore Energy REIT Corp - Net Assets Trend (2019–2021)
This chart illustrates how Citicore Energy REIT Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Citicore Energy REIT Corp (2019–2021)
The table below shows the annual net assets of Citicore Energy REIT Corp from 2019 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | ₱1.63 Billion | +188.10% |
| 2020-12-31 | ₱565.10 Million | +22.59% |
| 2019-12-31 | ₱460.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Citicore Energy REIT Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 32999476000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱250.98 Million | 15.42% |
| Common Stock | ₱1.37 Billion | 84.43% |
| Other Components | ₱2.52 Million | 0.15% |
| Total Equity | ₱1.63 Billion | 100.00% |
Citicore Energy REIT Corp Competitors by Market Cap
The table below lists competitors of Citicore Energy REIT Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Act Financial
EGX:ACTF
|
$520.64 |
|
Brighton Pier Group PLC
LSE:PIER
|
$521.72 |
|
Fast Finance 24 Holding AG
XETRA:FF24
|
$521.99 |
|
STANDARD CHARTERED BANK ZAMBIA PLC
LUSE:SCBL
|
$522.87 |
|
Meraki Acquisition One Inc.
V:MRKI-P
|
$520.02 |
|
Onyx Acquisition Co. I Warrant
NASDAQ:ONYXW
|
$518.92 |
|
NRP Stone Inc
PINK:NRPI
|
$517.72 |
|
Cyberfort Software Inc
PINK:CYBF
|
$516.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Citicore Energy REIT Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 565,104,720 to 1,628,046,130, a change of 1,062,941,410 (188.1%).
- Net income of 225,879,940 contributed positively to equity growth.
- Share repurchases of 35,017,590 reduced equity.
- Other factors increased equity by 872,079,060.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱225.88 Million | +13.87% |
| Share Repurchases | ₱35.02 Million | -2.15% |
| Other Changes | ₱872.08 Million | +53.57% |
| Total Change | ₱- | 188.10% |
Book Value vs Market Value Analysis
This analysis compares Citicore Energy REIT Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46.15x to 13.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₱0.07 | ₱3.25 | x |
| 2020-12-31 | ₱0.09 | ₱3.25 | x |
| 2021-12-31 | ₱0.25 | ₱3.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Citicore Energy REIT Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64.12%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.17x
- Recent ROE (13.87%) is below the historical average (16.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.26% | 32.08% | 0.15x | 3.66x | ₱33.47 Million |
| 2020 | 18.42% | 38.69% | 0.15x | 3.15x | ₱47.60 Million |
| 2021 | 13.87% | 64.12% | 0.18x | 1.17x | ₱63.08 Million |
Industry Comparison
This section compares Citicore Energy REIT Corp's net assets metrics with peer companies in the Residential & Commercial REITs industry.
Industry Context
- Industry: Residential & Commercial REITs
- Average net assets among peers: $25,937,129,706
- Average return on equity (ROE) among peers: 8.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Citicore Energy REIT Corp (CREIT) | ₱4.30 Billion | 17.26% | 0.11x | $520.58 |
| AyalaLand REIT Inc. (AREIT) | $60.07 Billion | 4.81% | 0.13x | $6.24K |
| DDMP REIT Inc (DDMPR) | $12.62 Billion | 2.61% | 0.08x | $162.82 |
| Filinvest REIT Corp (FILRT) | $4.82 Billion | 27.95% | 1.80x | $471.78 |
| MREIT Inc (MREIT) | $52.16 Billion | 3.86% | 0.17x | $2.25K |
| RL Commercial REIT Inc (RCR) | $6.60 Million | 3.50% | 0.01x | $1.06K |